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Zurich Insurance CEO criticizes climate clubs after exodus
Mario Greco, who led his firm out of the Net-Zero Insurance...
US business owners seek increased insurance protection amid mounting risks – study
“The devastation caused by natural disasters has heightened urgency...
Airbnb insurance leader Langone becomes President for 2020
“Today’s risk professional can’t afford to be complacent. While the world around us evolves, especially with the introduction of new technologies, we must be ready to embrace different perspectives, different strategies and dare ourselves to be different,” Langone said
Germany aims to thwart African swine fever edging closer to borders
Much of Asia is suffering from unprecedented ASF outbreaks, and importers may look elsewhere if Germany is struck by the disease.
Australia’s wildfire crisis intensifies as Locals, tourists seek refuge on beaches
It’s also put international focus on the conservative government’s climate change policies, with environmentalists saying Prime Minister Scott Morrison’s support of the nation’s massive coal-export industry has worsened conditions.
Major commercial plane crash deaths worldwide fell by more than 50% in 2019: group
To70 said the aviation industry spent significant effort in 2019 “focusing on so-called ‘future threats’ such as drones.” But the MAX crashes “are a reminder that we need to retain our focus on the basics that make civil aviation so safe: well-designed and well-built aircraft flown by fully informed and well-trained crews.”
Vatican tribunal processes ‘Tsunami’ of clergy sex abuse complaints
“We’re effectively seeing a tsunami of cases at the moment, particularly from countries where we never heard from (before),” said Monsignor John Kennedy, the head of the congregation’s discipline section, which processes the cases.He was referring to allegations of abuse that occurred for the most part years or decades ago. Argentina, Mexico, Chile, Italy and Poland have joined the U.S. among the countries with the most cases arriving at the congregation, known as the CDF.
Piracy Surges Along Southeast Asia’s Straits of Malacca and Singapore
The straits’ location between the Indian and Pacific oceans has made it one of Asia’s major trading and fuel storage hubs. More than 140,000 vessels larger than 75 gross tonnes arrived at Singapore’s ports last year, up 7% from 10 years ago, according to data from Maritime and Port Authority of Singapore
Reinsurance markets diverge at 1.1 renewal:Willis
James Kent, Global CEO of Willis Re, said: “Other than retro aggregate, some treaty aggregate covers, and liability placements viewed as inadequately priced, most buyers have been able to secure the capacity they require, albeit at considerably increased prices in some of the stressed classes of business. Reinsurers’ client-centric underwriting meant preferred clients achieved their renewal requirements for pricing and conditions more straightforwardly than others. An understandable outcome of this has been a wide variance in the quoting process, which increased the challenge in establishing market clearing prices.”
Allianz buys U.K.’s LV General Insurance Group and Legal & General’s non-life unit
The completion of these deals positions Allianz Holdings plc as the number two general insurer in the U.K., based on full year 2018 figures, the company said, noting that the combined businesses had a gross written premium income of over £4 billion ($5.3 billion) and a market share of 9 percent.
Financial services industry must act faster on climate change: Bank of England Chief
“To deliver, there needs to be shared understanding about what’s necessary. it is reasonable for there to be debates at the margin about where does the role of the state stop and what’s the role of markets,” Carney said.
China’s gene-editing scientist jailed for three years in modified baby case
The scientist, from the Southern University of Science and Technology in Shenzhen, claimed in November last year that he had manipulated the embryos with a gene-editing technique known as CRISPR in a bid to make them immune to HIV infection